Logistics M&A • Simon Hikes Dividend • Crypto Crash

May 10, 2022 | Hoya Capital

Logistics M&A • Simon Hikes Dividend • Crypto Crash Real Estate Daily Recap May 10 Written By U.S. equity markets finished mostly lower Tuesday in another volatile session as an early-session rebound was stymied by continued selling pressure ahead of pivotal inflation data over the next two days. Stabilizing after its worst three-day slide since the March 2020 pandemic lows, the S&P 500 advanced 0.2% while the tech-heavy Nasdaq 100 gained 1.2% but remains 25% below its recent highs.

Real estate equities were laggards today - giving back their YTD outperformance relative to the major benchmarks - as the Equity REIT Index declined 1.8% today while Mortgage REITs finished flat. Another day, another blockbuster REIT M&A deal. Duke Realty (DRE) - which we hold in the REIT Dividend Growth Portfolio - rallied 4% after Prologis (PLD) proposed to acquire Duke in an all-stock deal. Duke rejected two prior offers and hasn't yet responded to the latest bid.

Mall REIT stalwart Simon Property (SPG) advanced nearly 1% today after reporting solid results yesterday afternoon, raising its full-year guidance by 60 basis points and hiking its dividend for the fourth time in the past year. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets finished mostly lower Tuesday in another volatile session as an early-session rebound was stymied by continued selling pressure ahead of pivotal inflation data over the next two days.

Stabilizing after its worst three-day slide since the March 2020 pandemic lows, the S&P 500 advanced 0.2% ...